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is we have a unique opportunity to do something big. we have a chance to stabilize america's finances for a decade, for 15 years or 20 years. if we're willing to seize the moment. what that would require would be some shared sacrifice and a balanced approach that says we're going to make significant cuts in domestic spending. and i have already said i'm willing to take down domestic spending to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and i've said that in addition to the $400 billion that we've already cut from defense spending we're willing to look for hundreds of billions more. it would require us taking on health care spending. and that includes looking at medicare and finding ways that we can stabilize the system so that it is available not just for this generation but for future generations. and it would require revenues. it would require, even as we're asking the person who needs a student loan or the senior citizen or, you know, people -- veterans who are trying to get by on a disability check, even as we'
have big differences over how to raise the ceiling and avoid default, they can't even agree on whether they're making progress. democratic senate leader harry reid and republican senate leader mitch mcconnell on the senate floor moments ago. look. >> today the speaker republican leader held a press conference to announce they're in talks with the president and that a bargain to raise the debt ceiling is in the works and is close. in president, members of the senate, that's not true. i just spent two hours with the president, vice president, and leader pelosi, and it's fair for me to say that the engagement there is not in any meaningful way. the speaker, republican leader should know that merely saying we have agreement in front of a few television cameras doesn't make it so. >> the fact of the matter is that the only way we're going to get an agreement before tuesday is to have an agreement with the president of the united states. and the only person in america of the 307 million of us who can sign something into law. and i'm more optimistic than my friend, the majority leader. we've
. that is going to be a big hot topic of political conversation well. eric cantor and john boehner and people issuing press releases the president needs to do more and shows a failure of leadership at the white house. see what the white house has to say later about it. >> the unemployment rate tick up slightly to 9.2%. >> that's going to do it for us. >>> "cnn newsroom" begins right now with kyra phillips. >>> christine, don't go far. we are talking about the disappointing news on the jobs front. >> i won't. >>> labor department reporting only 18,000 jobs were added in june. that is much worse than economists readdicted. of course, those live pictures we can't get enough of. the shuttle is fueled and the crew is suited up but the weather could still cancel today's historic law firm. we are live at kennedy space center hoping that it will take off in time. >>> an arrest in the huge hacking scandal in britain. the news that the world's former editor and the prime minister's former aide. >>> like we told you, we want to start with the jobless numbers. our christine romans, once again, back with
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
's right. you know, the big point of contention yesterday was with house majority leader eric cantor pushing for this short-term deal or a series of short-term deals. the president, according to democratic sources familiar with the talks, made it clear that that is something he does not support and something he would veto. the president has, for the last few days, and certainly weeks as well, been pushing for the biggest deal possible where it it seemed to get some support. of late, it has not. the president believing if you start talking about the short-term deals, you run into the political season where you negotiate the things all over again. if you can't get this done now, how will you get this done in the thick of the political season? tense discussions yesterday. the president agitated and believing that republicans are using the debt talks to make political points. the president making the point, according to those inside the meeting, that this kind of atmosphere just confirms some of the worst fears that americans have about the way washington works. >> well, yeah. the way wa
economist said, ian sheped heardson said a big bucket of cold water. 18,000 jobs created overall. the estimates ranged from 80,000 to 125,000. market and economists expected more jobs creation than that. when you dig within the numbers you can see government jobs were shed. wow. thousands. 57,000 private sector jobs created but 39,000 government jobs lost. unemployment rate went up. so this tells you, kyra, bottom line, that private companies are not confident to hire in big numbers at all and the government, local and state government, because of budget cuts, continue to slash jobs. this is what the trajectory looks like. we have come from massive job losses there over about a year ago 192,000 four months of bad jobs and then you saw job created and it petered out. another thing when we dig into the numbers. you look at the revisions and what prior months were changed either higher or lower and we found another 44,000 jobs we thought had been created weren't. so it was other months revised down about 44,000. manufacturing, construction, temporary services and jobs in these areas
in iowa. she basically kicked off her bus tour in iowa today. so this is going to be a big deal for her and her supporters who are here. and later she's going to be going to an iowa cubs baseball game and talk to supporters and voters there as well. >> so she's on a bus tour, is it all iowa all the time this weekend? where is she going? apparently shannon can't hear me, we'll get back to shannon travis, he's reporteding for us live in iowa. >>> a political note for you, the presidential seal fell off the white house limousine this weekend while he was on his way to the airport. a philly police officer found the seal alongside route 76, he returned to the secret schlts. >>> closing arguments set to begin tomorrow in the murder case that has millions watching. what you can expect. the lawyers to say and what our legal expert thinks of the verdicts, we'll have that for you straight ahead. >>> also more on dominique strauss-kahn and the case against him that seems to be unraveling. is he a guilty man or is he a victim here? we're asking our expert. >>> and the royal wedding that took place
a moment ago, l.a. is gearing up for gridlock. you might be thinking, well, what's the big deal? it's l.a. they are used to gridlock on their highways. but this is different. they are calling it carmageddon, and it's set to begin soon. but first, let me give you a update on where we are with the debt negotiations going on in washington, d.c. at 4:15, that's a little more this an hour from now, the talks are set to resume right there at the white house. now, it was this time yesterday we told you that these talks were getting a bit testy. the two sides, why not be getting testy, are under pressure of an august 2nd deadline to get a deal to raise the debt ceiling or risk a u.s. government default on its bills. well, last evening we are told things became even more testy, extremely heated. we'll get to more on that in just a moment, but first an extremely urgent call within the past half hour from the treasury secretary himself. take a listen. >> the eyes of the country are on us, and the eyes of the world are on us, and we need to make sure we stand together and send a definitive signal t
to an end. it's just a big project, a $1 billion project that wraps up hopefully if things go as scheduled monday morning. right now, what you're looking at are construction crews hard at work behind me. they're demolishing a portion of this bridge. when i say busy, this artery is busy, 500,000 cars pass through it each day. millions hit this freeway each week. it's a big deal. so far we've gotten a really interesting update i'll tell you about in a sec. i saw cnn take the pictures live a short time ago. hopefully you turned it around for us. it was pretty cool stuff. knocking off chunks and chunks of those cement blocks at the top there, really, really hard work, a big, big project to tackle. but it seems that things are ahead of schedule. they're tearing down just a portion of that bridge. the update we have, we checked in with los angeles police as well as california transportation officials, things look really well on the roadways, the surface streets. traffic across the city is still relatively like. they don't know what the rest of the day or the weekend will bring. but if things mov
for a big deal on the debt ceiling. meeting with congressional leaders and calling for more talks on monday with a presidential news conference ahead of it. >>> meanwhile, as you see from live pictures from new york the debt clock keeps on ticking. also inflammatory words put on paper in the form of a pledge about slavery, black children, and president obama has two presidential contenders backtracking tonight. what did they mean? >>> and the british invasion. william and kate's whirlwind trip through california. cnn traveled with the royals. one stop included l.a.'s skid row. sp and -- >> as far as i'm concerned betty ford saved my life. i went in for cocaine addiction. >> the first lady who helped save the lives of some of the most famous people in the world by turning her struggle into triumph. tonight we remember betty ford who changed the way we all view addiction and recovery. >>> good evening. i'm don lemon. the debt clock just keeps ticking up. a startling reminder of just what a dire situation we are in when it comes to ongoing deficit negotiations. unless congress raises the amoun
very quick. mitt romney is on top. coming in second is the big surprise, rick perry. he's coming in at number two, don. the gop horse race is big, big news right now. >> that's mark preston. we appreciate it. >>> for more "cnn newsroom" i'm joined by fredricka whitfield. when you say, fred, it's not going to be good. we have breaking news you'll be following and other stuffs. >> thanks so much. see you over the weekend as well. breaking news from studio 7. i'm fredricka whitfield in for suzanne malveaux. two explosions have rocked central oslo in the last hour wounding at least eight people. reports from norway say govrt buildings were targeted, one houses the prime minister's office and most of the windows were blown out. reuters reports a mangled car outside one building suggesting a possible car bomb. reuters reports the prime minister is safe. cnn is following the developments for you from london. what more do we know about how this happened and why? >> reporter: the information is still trickling in from oslo at this point. the police have issued a stam saying that there are
. republican congresswoman michele bachmann is in iowa, home to the iowa caucuses. the first big election event in 2012. cnn's shannon travis is the only reporter to speak with bachmann today, and he asked her why iowa is so important. >> iowa's the first in the nation. it's very important to be here and have a presence here because the values and the opinions that people have in iowa count. they count for the nation. so it's important that we come here. had is the bread basket of the world for a reason. this is where the food is grown, we have the best farmers in the world here in iowa. so it's important to come and listen to what people have to say in iowa and take that message back to washington, d.c. >> michele bachmann has been on a roll recently joining mitt romney in a recent iowa poll. she officially kicked off her campaign in iowa last month. >>> 4th of july celebrations in minnesota have been scaled down for this weekend. state parks, the state zoo, even race tracks are all closed right now. a budget stalemate has shut down almost all of minnesota's state business. closed signs went u
that big fella over there. cost way less than i ever dreamed. i don't tell my friends just how affordable it is cus to them i'm still the big roller, the big cheese, ya know? oh, emmitt. baby, what you doing? y-y-yeah! [ clears throat ] [ deep voice ] yeah, babe. in a second. takin' care of some business. it's surprising just how affordable an rv vacation can be. gorving.com and get a free video. or visit an rv dealer. go affordably. go rving. unlike fish oil, megared softgels are small and easy to swallow with no fishy smell or aftertaste. try megared today. >>> well, while they get down to work and finish lunch as the case may be, i want to bring in richard herman, who has been watching the casey anthony trial closely. richard, did the prosecutors prove their case? before you answer that question, i thought there were very powerful points made in the closing. the duct tape was incredible. you could not not listen to the duct tape. >> the three strips of duct tape, that's how you know it was murder. it was intentional, because it was three strips, not one. and that was very powerful. and
of those things they promisedprom s promised,ilities it's big. jane, do you agree? you have been covering it since the beginning and you have been there the last couple weeks up close and personal. >> they can get in something that is based on a reasonable inference. i think that's going topy a source of contention. i think you're going to hear a lot of objection from the prosecution tomorrow because jose jose jose baez has a reputation of trying to sneak things in and he asks kwegings that are going to be objected to. but the rules are you cannot discuss rules not talked about in evident. he shoobt be able to say that little caylee drowned in the pool in opening statements, but he could saythenings like we saw evidence that she was capable of getting into the pool herself, and cindy testified that she believed that the ladder was left in a position that would allow her to go in and drown accidentally. the devil is in the details. it's going to be a lot of nuance and a lot of debate. >> drew, as a reporter and an observer, as you're watching the faces of the people on the jury, she's sayi
woman is in big trouble with the law after she attacked a judge in court. here's her violent outburst. >> you will be held in contempt. >> don't care. i haven't done anything to this court or anything to him. >> court security officer, the man on the left of your screen was the first to reach the woman. they took her down. i talked with him earlier and asked what did the judge said to make her go ballistic. >> the judge was telling her to stop using foul language and if she kept using foul language in her court then she would be held in contempt and face more charges, and the lady was very upset already and she just basically disregarded anything the judge said and continued to talk. >> you've been doing this for a while now. have you seen anybody react this way especially towards a judge? >> i have seen people react this way but only in training videos, and training us. not in actually any courtroom i've worked in in the 3 1/2 years i've been there. >> when you grabbed her and you subdued her. what happened? was she remorseful? did you have to take her away. >> she wasn't remorseful.
the world cup final. >> big victory to talk about. >> that's it for us. "cnn newsroom" begins right now with kyra phillips. you have a busy morning. >> we do. a lot to talk about. it's 9:00 a.m. on the east coast and 6:00 a.m. on the west coast. thanks for joining us. >>> the nation's debt crisis. the clock ticks and pressure builds. the president tells the congressional leaders you have 24 hours or less to make something has been. >>> a top murdoch executive resigns this morning. rebekah brooks former head of the disgraced tabloid "news of the world" is gone. >>> in southern california, drivers buckling up for carmagedd carmageddon. a bridge demolition that will close down 405, one of california's busiest highways. >>> we begin with the resignation of a key executive in the rupert murdoch media empire. rebekah brooks is out. many people were outraged when brooks kept her job after the newspaper was shut down for scandalous reporting tactics. and as brooks steps down, the investigations ramp up. the fbi now investigating the murdoch empire right here in the united states. lawmakers dema
. but they seem to be quite optimistic they're moving towards something and a big endorsement, this earlier today from the top negotiator democrat in the senate, harry reid. a lot of moving parts. trying to get a hold on t. and talk about republicans. do we know where they stand on the approval of this deal? >> reporter: yeah. that is a big question, because the house republicans, you saw just how hard it was for the house republican leadership to get their own bill through the house, and to get their own members onboard for this deal. talking about a compromise, you can only guess that might be even a tougher sale, possibly. we haven't heard yet from house speaker john boehner or house leadership and where they stand on things. we know, though, however, we are told by a top senate republican leadership aide that they're not there yet and still working. so it seems like they're still working on the deal. clearly, not at a place harry reid is at this point and that's a big question of where are republicans going to stand on this? are they going to endorse it and what their issues are with it. don?
is a big question and when we should be jumping to conclusions about. >> giuliani is also a longtime friend of rupert murdoch. >>> now the nation's debt crisis and a new deadline. forget august 2nd. the president says it's decision time now. here is what he told congress. you've got 24 hours or less to move forward on a deal. and then there is this dire message from the big three global credit ratings agencies. if a deal isn't reached soon, they will downgrade the nation's credit standing. the president speaks to the american public today. a news conference less than two hours away from now. 11:00 eastern. we will carry it live. >>> let's get to the white house and dan lothian. what do we expect the president on say come 11:00? >> reporter: well, a senior administration official telling me the president will be explaining to the american people where they really are in this process, what he has asked congressional leaders to do, and how he is still pushing for the biggest deal possible. another white house aide telling me the president will continue in that press conference to make the case
this if there is a framework. they are pushing for something big. trils of dollars in deficit savings the course of ten years. reminder of the moving parts that a deal like that would require the next several days major spending cuts, tax reform, entitlement reform and if democrats in the white house were to get their way, tax increases. you can see that is pretty much a heavy lift and so you still have a lot of people looking to a more modest deal that the top democrat and republican in the senate, harry reid and mitchell mcconnell are trying to work out which would be more spending cuts and perhaps more modest and perhaps giving the president the unenviable position to have to increase the debtcele himself with a minority support from congress. >> brianna keilar, thanks. >>> government is scrambling to pay its bills here is something americans don't want to hear. billions of dollars in your tax money is being wasted in afghanistan or worse. a new federal audit says that some of that cash may be funding, are you ready for this? the same insurgency that is killing americans. chris lawrence is at the pentagon
. if they manage to defeat this vote today, this is going to be a big, big problem for markets. if they don't, you may see markets continue to tread water until there is a solution to this. now, remember, speaker boehner's plan is not likely one that is going to pass the senate. not likely one that is going to get past the president. the bottom line if there is some sense boehner has better control of h over hi members you may see markets allowing a little bit more time. right now markets are largely relaxing but ready to move if this doesn't go the right way. >> thanks, guys. >>> at the bottom of the hour, we will go to wall street for the opening bell and answer a question many of us have right now -- should we take our money out of the stock exchange and where do we put it if so. we will talk to a financial analyst about that. >>> cnn obtained dramatic new video taken minutes after the bombing of the government buildings in norway. it was shot by a hamburg who works in oslo and driving through a tunnel beneath the city's government plaza when the bomb went off. eight people killed. he recorded
. >>> people love their cars, traffic jams are part of the daily life, but this weekend, the closure of a big chunk of the 405 freeway is causing added worry. it is shut down for a construction project. and residents are so worried they're calling this carmageddon, but so far, we're not seeing it. no gridlock. let's bring in cnn's kareen wynter who is above the 405 there. and we know ten miles of the 405 is closed, so no traffic there. what about everywhere else? >> reporter: everywhere else from our viewpoint all looks good. now a short time ago, we checked out some of the alternate routes officials were encouraging the public to take. it's really, really quiet right now. we saw a lot more people on bikes, pedestrians, people walking their dogs than we did people in their cars. one of our photographers -- our producers, rather, michael kerry took a picture on the other side of town near the pacific coast highway. usually an extremely congested area this time of year really any time. and that was another alternate route that officials were encouraging people to take if they were headed to l.a
, you know, her not testifying to all of the things that was promised is big, and the jury is going to want to know why. >> jane velez-mitchell, you have been there covering the trial since the beginning and watching for the last couple of weeks up close and personal. >> well, they can get in something based on a reasonable inference, so i believe that is going to be a source of contention. i believe you will hear a lot of objection from the prosecution tomorrow, because jose baez has a track record of trying to sneak things in with inference, and asking questions that he knows are going to be objected to, and that objection is going to be sustained, and he doesn't care. he does it anyway. but the rules are, again, that you cannot discuss facts not in evidence, so jose baez should not be able to say, little caylee drowned accidentally in the pool, as he did in opening statements, but he might be able to say, we saw evidence that little caylee was capable of getting into that pool herself and cindy testified that she believes that the pool ladder was left in a position that would hav
shows how big this struggle is right now. >> it's adding fodder, too, for the comedians. take a listen. >> our government is days away from being broke. congress' latest plan is to see how much cash they can get for john mccain on antiques road show. 33 soldiers from the mexican army were allowed to return to mexico yesterday after they accidently crossed the border into america. did you hear about that some heart. think about it. things have gotten so bad in in country that people are only crossing the border now by accident. according to a recent survey, this year kids are receiving an average of 40 cents less under their pillows from the tooth fairy. enmake believe people are feeling the pinch. >> i don't know, he tried, don't you think? >> i tell you, this crisis is giving late night com he cans a lot of fuel, but unfortunately, it's not a laughing matter. so hopefully something will happen this weekend. >> all right, we'll be paying close attention. all the comedians, as well. >>> a new report now mentions that there is one american company with more money on hand than the governm
want to start living on your post retirement budget so when you retire, it won't be such a big shock to you. >> and then folks think golden years. they don't want to work. they kind have want to make time for all the things that are fun or they've been longing to do but you say you need to work into the equation, will you be working? >> absolutely. a great point. we have to be realistic about what's going on right now. a lot of seniors have lost a lot of money due to the recession we came out of. many americans will have to work during their retirlt years. basically the best thing to do before you retire, is to sit down with your company and say i don't want to retire. i want to work two or three or five more years. i continue to add value to this company. if she say no, maybe you can try part time or a consultant basis. you don't want to outlive your money. that's the wrong thing to do. if you need to work, it's okay. nothing wrong with continuing to workful? maybe you need a little consultation on how to manage your money. >> absolutely. if you can find yourself a cpa or a financia
it to the editorial board of the big newspapers here about two weeks before he was arrested in new york. he certainly was aware of the fact that there must have been something out there that people would try to accuse him of this or try to set him up is what he had suggested in his interview with the editorial board. yeah, i think politics here can be pretty dirty when it comes to presidential campaigns, and certainly, in his case, i think since he was a leading opponent, that there was a suggestion that perhaps his opponents were going to do something and that this whole thing was a setup. there's been some rumors and accusations about that that have been in the press here over the last few days, so this whole thing was set up with the hotel maid in new york. that of course, the charges still have not been dropped in new york but looks like they may be. nonetheless, it's a case that has large political overtones for france in a presidential election year. there's a lot at stake here. >> absolutely. certainly not over. jim bittermann, thank you so much. our man in paris. thanks a million. >>> the jur
-ann, we haven't forgotten you. we're going to talk to you because it's your big day. we're going dom back after the break and we want you to watch this with us. we're going live now to new york city. that's where michael bloomberg is going to marry his aides after a break. i love that my daughter's part fish. but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our pediatrician gets all the information. everyone works as a team. and i only need to talk to one person about her care. we're more than 78,000 people looking out for 70 million americans. that's health in numbers. unitedhealthcare. [oinking] [hissing] [ding] announcer: cook foods to the right temperature using a food thermometer. 3,000 americans will die from food poisoning this year. check your steps at foodsafety.gov. >>> it's a fine and fancy day in the city of new york. i feel like i should be wearing my seersucker suit and drinking a mint julep
they beat the yankees on the way to the world series this community really emgraced this team big time. all these people will have to become rangers fans. the hardcore rangers fans that were there before, they're dealing with this. some people opted not to take their kids to the ballpark the next day. there was a significant group of people who decided to take their kids to the ballpark, because they wanted to make sure that they would go there and contribute to the fund that the rangers have set up in mr. stone's honor. >> joe trahan, thank you. we appreciate it. and our thoughts and prayers are with mr. stone's family and his friends tonight. i want you to listen to this now. >>> as far as i'm concerned, betty ford did save my life -- >> stevie nicks reacts to the death of betty ford. we'll take you live to los angeles for more reaction. and look back at the former first lady's legacy and impact on so many others. >>> prince william saddles up during the royal's visit. if you want information to the stories we're recovering, and you want to react to them, contact us on twitter, facebook o
son would have killed himself rather than slaughter dozens of people. >>> bp has a big turnaround. the company raked in more than $22 billion in profits for the quarter! >>> the debt, minute-by-minute, the nation inches closer to the brink of twault. the countdown less than seven full days before the federal government runs out of money and unable to pay its bills. in washington a stark message is delivered between the president and the speaker of the house. their parties are desperately divided and you and i are about to pay the price. we are covering all of the angles from wall street to the white house. ali velshi getting really creative and looking at the cost americans could face even before time officially runs out. of course, dan lothian with the politics and the posturing. ali, let's start with you. the markets open this hour, okay? how is the debt issue going to impact things today and the rest of the week? i know yesterday, you kept saying give me a little more time and i'll let you know when to worry but how many times can we say that? we are not worried yet. we are wat
Search Results 0 to 49 of about 63 (some duplicates have been removed)